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In the summer of 1981, the Canadian bank interest rate increased and later reached an all-time high of 21.46% in early August of 1981. -
Premier of Alberta, Peter Lougheed signed a deal with PM, Pierre Trudeau on energy pricing on September 1, 1981. -
The Canadian Bank rate started to decrease rapidly in October 1981 after being at its peak in August. -
The Canadian Post Corporation was created as a successor to the Post Office Department which had faced criticism on October 16, 1981. -
Confidence in the Canadian dollar continued to erode on concerns about the commitment of Canadian authorities to an anti-inflationary policy stance in 1982. -
The Bank of Canada reluctantly announced that it will no longer target M-1 in its fight against inflation. -
House of Commons states that narrow money growth failed to provide a reliable monetary anchor. "We did not abandon M-1, M-1 abandoned us" -
The Canadian Dollar held its own against the American Dollar in 1983. -
This allowed grain shipping costs to increase gradually but never exceeding the 10% of the world price for grain -
The Canadian Dollar started to weaken sharply from 1984 going into the first half of 1985. -
PM, Brian Mulroney and Premier of Newfoundland, Brian Peckford signed the Atlantic Accord to bring offshore energy agreements to develop petroleum resources